Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33930.

Rampion

legendary

Activity: 1148

Merit: 1018

Quote from: josiahgarber on April 24, 2013, 01:22:35 PM

According to the mtgox walls, 23 Million USD takes us to a BTC valuation over $1000. Not a lot of money in the whole scheme of things.

You should know that means nothing.

FACT: according to the order book, someone willing to cash out just 18 Million USD takes us to a BTC valuation in the low single digits. Not a lot of money in the whole scheme of things.

Imagine satoshi decides to cash out the 1MBTC he has, because is time for him to retire. Yes, you know what would happen: BTC would suddenly go to 0. And that will happen, sooner or later, because nobody can wait to be rich forever. Just pray that the market depth will be 10,000 times bigger than now, so we just go to low double digits when he decides to sell, and not straight to 0.

josiahgarber

member

Activity: 82

Merit: 10

According to the mtgox walls, 23 Million USD takes us to a BTC valuation over $1000. Not a lot of money in the whole scheme of things.

Sword Smith

sr. member

Activity: 406

Merit: 286

Neptune, Scalable Privacy

Quote from: DougTanner on April 24, 2013, 12:57:23 PM

Quote from: stereotype on April 24, 2013, 12:55:40 PM

Quote from: Brushan on April 24, 2013, 12:49:31 PM

It never ceases to amaze me. Why would people sell big amounts of coin in the low 150's when the price was 168 hours ago?

Something to do with 'this new trading thing'. Meaning, theres many new entrants who have just discovered trading, small and large size alike.
Doing what you describe is exactly what they do.

I feel sorry for all the people that sold at $50 and bought back at $165. They must be tearing their hair out right now wondering what to do.

It seemed a large player tried to crash the price from $50 and down to $20-30. But an even larger player, maybe the one starting the crash from 266 gobbled up everything between 50 and 70. Whence the gigantic volume at the low on April 16th. That is my theory

Sword Smith

sr. member

Activity: 406

Merit: 286

Neptune, Scalable Privacy

Quote from: ?? on ??

Quote from: Sword Smith on April 24, 2013, 12:56:38 PM

The last two days looks extremely bullish, though.

(sorry. Couldn't resist)

What means "fap", Precious?

DougTanner

sr. member

Activity: 280

Merit: 250

So pretty. No one knows where to go or what to do.

NamelessOne

legendary

Activity: 840

Merit: 1000

Quote from: seleme on April 24, 2013, 12:54:21 PM

Quote from: NamelessOne on April 24, 2013, 12:51:25 PM

Quote from: Jaroslaw on April 24, 2013, 12:49:40 PM

Quote from: NamelessOne on April 24, 2013, 12:47:12 PM

Quote from: Sword Smith on April 24, 2013, 12:42:43 PM

Quote from: Sword Smith on April 24, 2013, 12:29:43 PM

Quote from: Sword Smith on April 24, 2013, 12:27:04 PM

Quote from: Brushan on April 24, 2013, 12:20:45 PM

So that's what drawing triangles on charts can tell you? That the price is going either up or down. Interesting.

Doubt as to where the further price moves are heading - the triangle shows that swing trades are narrowing the price range thus reducing the volume traded by day traders. I have heard that a break-out from a triangle is a strong indicator on the future direction. But some say it is a contrarian indicator lol.

Let us hope it is a contrarian indicator since the price just broke out below the triangle's trading range.
Big players are fighting it out now. Huge volumes.

If the price goes above 158, it would seem that the break out was a contrarian or maybe a fake indicator. But to me, TA is mostly entertainment. I am holding for the longest time and not daytrading.

Hehe, 159 right now.

I don't think two minute time frames get to count as dead cat bounces. haha

Rather 153, dead cat bounce

you didn't mind 2 minute frame 159 though Wink

can go anyway as always though

I wasn't claiming bear traps or bull traps or dead cat bounces. I was simply noting the price in relation to the previous post.

DougTanner

sr. member

Activity: 280

Merit: 250

Quote from: stereotype on April 24, 2013, 12:55:40 PM

Quote from: Brushan on April 24, 2013, 12:49:31 PM

It never ceases to amaze me. Why would people sell big amounts of coin in the low 150's when the price was 168 hours ago?

Something to do with 'this new trading thing'. Meaning, theres many new entrants who have just discovered trading, small and large size alike.
Doing what you describe is exactly what they do.

I feel sorry for all the people that sold at $50 and bought back at $165. They must be tearing their hair out right now wondering what to do.

Sword Smith

sr. member

Activity: 406

Merit: 286

Neptune, Scalable Privacy

The trend the last two hours look a bit bearish. The last two days looks extremely bullish, though. This current fall fra 168-153 is probably just a small correction with some people taking a profit from their buys between 50-100 where the volume was enormous.

stereotype

legendary

Activity: 1554

Merit: 1000

Quote from: Brushan on April 24, 2013, 12:49:31 PM

It never ceases to amaze me. Why would people sell big amounts of coin in the low 150's when the price was 168 hours ago?

Something to do with 'this new trading thing'. Meaning, theres many new entrants who have just discovered trading, small and large size alike.
Doing what you describe is exactly what they do.

seleme

legendary

Activity: 2772

Merit: 1028

Duelbits.com

Quote from: NamelessOne on April 24, 2013, 12:51:25 PM

Quote from: Jaroslaw on April 24, 2013, 12:49:40 PM

Quote from: NamelessOne on April 24, 2013, 12:47:12 PM

Quote from: Sword Smith on April 24, 2013, 12:42:43 PM

Quote from: Sword Smith on April 24, 2013, 12:29:43 PM

Quote from: Sword Smith on April 24, 2013, 12:27:04 PM

Quote from: Brushan on April 24, 2013, 12:20:45 PM

So that's what drawing triangles on charts can tell you? That the price is going either up or down. Interesting.

Doubt as to where the further price moves are heading - the triangle shows that swing trades are narrowing the price range thus reducing the volume traded by day traders. I have heard that a break-out from a triangle is a strong indicator on the future direction. But some say it is a contrarian indicator lol.

Let us hope it is a contrarian indicator since the price just broke out below the triangle's trading range.
Big players are fighting it out now. Huge volumes.

If the price goes above 158, it would seem that the break out was a contrarian or maybe a fake indicator. But to me, TA is mostly entertainment. I am holding for the longest time and not daytrading.

Hehe, 159 right now.

I don't think two minute time frames get to count as dead cat bounces. haha

Rather 153, dead cat bounce

you didn't mind 2 minute frame 159 though Wink

can go anyway as always though

deathcode

copper member

Activity: 1428

Merit: 253

Quote from: Jaroslaw on April 24, 2013, 12:49:40 PM

Quote from: NamelessOne on April 24, 2013, 12:47:12 PM

Quote from: Sword Smith on April 24, 2013, 12:42:43 PM

Quote from: Sword Smith on April 24, 2013, 12:29:43 PM

Quote from: Sword Smith on April 24, 2013, 12:27:04 PM

Quote from: Brushan on April 24, 2013, 12:20:45 PM

So that's what drawing triangles on charts can tell you? That the price is going either up or down. Interesting.

Doubt as to where the further price moves are heading - the triangle shows that swing trades are narrowing the price range thus reducing the volume traded by day traders. I have heard that a break-out from a triangle is a strong indicator on the future direction. But some say it is a contrarian indicator lol.

Let us hope it is a contrarian indicator since the price just broke out below the triangle's trading range.
Big players are fighting it out now. Huge volumes.

If the price goes above 158, it would seem that the break out was a contrarian or maybe a fake indicator. But to me, TA is mostly entertainment. I am holding for the longest time and not daytrading.

Hehe, 159 right now.

Rather 153, dead cat bounce

Normal profit taking from big players, small players should stay away from selling and keep holding. Selling in this market is plain foolish knowing that we are perfectly capable of reaching $250.

adamstgBit

legendary

Activity: 1904

Merit: 1037

Trusted Bitcoiner

Quote from: Brushan on April 24, 2013, 12:49:31 PM

It never ceases to amaze me. Why would people sell big amounts of coin in the low 150's when the price was 168 hours ago?

all the bear encourage each other, sometimes they get overly excited...

then they go to bed and dream of 25cent bitcoin, and all the bears on the other side of the world behave exactly the same way.

NamelessOne

legendary

Activity: 840

Merit: 1000

Quote from: Jaroslaw on April 24, 2013, 12:49:40 PM

Quote from: NamelessOne on April 24, 2013, 12:47:12 PM

Quote from: Sword Smith on April 24, 2013, 12:42:43 PM

Quote from: Sword Smith on April 24, 2013, 12:29:43 PM

Quote from: Sword Smith on April 24, 2013, 12:27:04 PM

Quote from: Brushan on April 24, 2013, 12:20:45 PM

So that's what drawing triangles on charts can tell you? That the price is going either up or down. Interesting.

Doubt as to where the further price moves are heading - the triangle shows that swing trades are narrowing the price range thus reducing the volume traded by day traders. I have heard that a break-out from a triangle is a strong indicator on the future direction. But some say it is a contrarian indicator lol.

Let us hope it is a contrarian indicator since the price just broke out below the triangle's trading range.
Big players are fighting it out now. Huge volumes.

If the price goes above 158, it would seem that the break out was a contrarian or maybe a fake indicator. But to me, TA is mostly entertainment. I am holding for the longest time and not daytrading.

Hehe, 159 right now.

Rather 153, dead cat bounce

I don't think two minute time frames get to count as dead cat bounces. haha

Jaroslaw

member

Activity: 84

Merit: 10

supernode

Quote from: NamelessOne on April 24, 2013, 12:47:12 PM

Quote from: Sword Smith on April 24, 2013, 12:42:43 PM

Quote from: Sword Smith on April 24, 2013, 12:29:43 PM

Quote from: Sword Smith on April 24, 2013, 12:27:04 PM

Quote from: Brushan on April 24, 2013, 12:20:45 PM

So that's what drawing triangles on charts can tell you? That the price is going either up or down. Interesting.

Doubt as to where the further price moves are heading - the triangle shows that swing trades are narrowing the price range thus reducing the volume traded by day traders. I have heard that a break-out from a triangle is a strong indicator on the future direction. But some say it is a contrarian indicator lol.

Let us hope it is a contrarian indicator since the price just broke out below the triangle's trading range.
Big players are fighting it out now. Huge volumes.

If the price goes above 158, it would seem that the break out was a contrarian or maybe a fake indicator. But to me, TA is mostly entertainment. I am holding for the longest time and not daytrading.

Hehe, 159 right now.

Rather 153, dead cat bounce

Brushan

member

Activity: 224

Merit: 10

It never ceases to amaze me. Why would people sell big amounts of coin in the low 150's when the price was 168 hours ago?

NamelessOne

legendary

Activity: 840

Merit: 1000

Quote from: Sword Smith on April 24, 2013, 12:42:43 PM

Quote from: Sword Smith on April 24, 2013, 12:29:43 PM

Quote from: Sword Smith on April 24, 2013, 12:27:04 PM

Quote from: Brushan on April 24, 2013, 12:20:45 PM

So that's what drawing triangles on charts can tell you? That the price is going either up or down. Interesting.

Doubt as to where the further price moves are heading - the triangle shows that swing trades are narrowing the price range thus reducing the volume traded by day traders. I have heard that a break-out from a triangle is a strong indicator on the future direction. But some say it is a contrarian indicator lol.

Let us hope it is a contrarian indicator since the price just broke out below the triangle's trading range.
Big players are fighting it out now. Huge volumes.

If the price goes above 158, it would seem that the break out was a contrarian or maybe a fake indicator. But to me, TA is mostly entertainment. I am holding for the longest time and not daytrading.

Hehe, 159 right now.

DougTanner

sr. member

Activity: 280

Merit: 250

I <3 this graph. Kiss

needmorecoins

member

Activity: 65

Merit: 10

Quote from: Rothgar on April 24, 2013, 12:44:40 PM

Quote from: Brushan on April 24, 2013, 12:20:45 PM

So that's what drawing triangles on charts can tell you? That the price is going either up or down. Interesting.

My own independent analysis comes to this same conclusion. The price will go down or up.

lol

Rothgar

sr. member

Activity: 374

Merit: 250

Tune in to Neocash Radio

Quote from: Brushan on April 24, 2013, 12:20:45 PM

So that's what drawing triangles on charts can tell you? That the price is going either up or down. Interesting.

My own independent analysis comes to this same conclusion. The price will go down or up.

Sword Smith

sr. member

Activity: 406

Merit: 286

Neptune, Scalable Privacy

Quote from: Sword Smith on April 24, 2013, 12:29:43 PM

Quote from: Sword Smith on April 24, 2013, 12:27:04 PM

Quote from: Brushan on April 24, 2013, 12:20:45 PM

So that's what drawing triangles on charts can tell you? That the price is going either up or down. Interesting.

Doubt as to where the further price moves are heading - the triangle shows that swing trades are narrowing the price range thus reducing the volume traded by day traders. I have heard that a break-out from a triangle is a strong indicator on the future direction. But some say it is a contrarian indicator lol.

Let us hope it is a contrarian indicator since the price just broke out below the triangle's trading range.
Big players are fighting it out now. Huge volumes.

If the price goes above 158, it would seem that the break out was a contrarian or maybe a fake indicator. But to me, TA is mostly entertainment. I am holding for the longest time and not daytrading.

Topic: Wall Observer BTC/USD - Bitcoin price movement tracking & discussion - page 33930. (Read 26503782 times)